Trump to welcome the crypto elite in the White House

US President Donald Trump, who has several connections to the crypto industry, will host the top players of the sector at a summit of the White House on Friday, as the field enjoys a new dynamic after its choice.

The US crypto industry was an important supporter of Trump’s successful campaign to regain the presidency and contributed millions of dollars to his victory in the hope of ending the deep skepticism of the biden government towards the potential advantages of digital currencies.

Trump also wrapped himself in space personally and brought his own “Trump” memo on the market in January when his wife Melania started the same “Trump” memecoin -movements that triggered accusations of conflicts of interest.

The “Crypto Czar” of the President, the investor of Silicon Valley, David Sacks, will convene prominent founders, CEOs and investors with members of a Trump working group in order to create guidelines for accelerating cryptocachism and to provide the industry for a long time.

The guests include Twins Cameron and Tyler Winklevoss, founder of Gemini platform, with reports that Brian Armstrong from Coinbase and Michael Saylor, the head of Major Bitcoin Investor Microstrategy, will also be present.

The fate of FTX, the once leading crypto exchange, which collapses spectacularly when his CEO Sam Bankman-rated CEO massively cheated on the customers, is the fate of the crypto rescue. He is now serving a 25-year term in a US prison.

For the believers, cryptocurrencies represent a financial revolution that reduces the dependence on centralized authorities and at the same time offers the individual the freedom of traditional banking systems.

Bitcoin, the most traded cryptocurrency in the world, is announced as an alternative to gold or as a security against the devaluation of currencies and political instability.

– cryptocaries –

Critics primarily maintain these assets as speculative investments with questionable real benefits, and warns that excessive deregulation could have taxpayers on the hook for cleaning market accidents.

Criminal prosecution authorities see digital assets as a means of washing money badly.

The spread of “Memecoins” – cryptocurrencies based on prominent, internet memes or pop culture than on technical benefits – is another challenge.

A large part of the crypto industry frowns because they fear that it affects the business, given fast pump-and-dump systems that cover ignorant buyers for assets that are worthless.